Sunday 13 November 2011

Commodity Current Gold Position| Commodity MCX TIPS FOR TODAY | Gold Silver Tips For Today


   *** Gold future Weekly outlook under 1 weeks***
Gold Futures for the first time in three days on Friday, as a broadly weaker U.S dollar boosted the appeal of the precious metal while some mild bargain buying also lent support.
On the comex  division of the New York Mercantile Exchange ,Gold future for December delivery settled at USD 1,789.65 a troy ounce by close of trade on Friday , adding 1.93 percent over the week , the third consecutive weekly gain.
Gold prices jumped 1.7 percent on Friday as the dollar index, which tracks the performance of the greenback against a basket of six other major currencies, declined 0.93 percent to settle 77.10
 *** Crude oil Furthers Uptrend on Supportive Global leads ***
Crude oil prices furthered their northbound journey in Asian traders on Monday and inched closer to over three month high levels after encouraging economic report from Japan showed that the world’s third largest nation’s economy expended for the first time in four quarters.
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